Financial Services Sector
Italy defence firm chief arrested for bribes: reports
Feb 12, 2013 03:24 EST
Italian police have arrested the chief executive of aerospace and defence giant Finmeccanica for corruption and embezzlement in relation to alleged bribes given to the Indian government, Italian media reported.
Dell claims buyout in shareholders' 'best interests'
Feb 11, 2013 16:49 EST
Dell said Monday its proposed $24.4 billion private equity buyout plan is "in the best interests of stockholders," brushing aside criticism from a key investor that it undervalues the tech giant.
Royal Bank of Scotland boss defends right to bonus
Feb 11, 2013 16:26 EST
Royal Bank of Scotland boss Stephen Hester defended his right to a bonus on Monday, one week after the bank was fined $612 million (453 million euros) over Libor rate rigging.
IBM puts supercomputer to work on cancer
Feb 11, 2013 15:31 EST
IBM is putting its Watson supercomputer to work fighting cancer, in what is described as the first commercial program of its kind to use "big data" to help patients with the disease.
London shares close higher, lifted by miners
Feb 11, 2013 12:38 EST
London shares closed higher on Monday, boosted by demand for mining stocks amid signs of recovery in the global economy, dealers said.
Barclays bank set to slash costs, axe 2,000 jobs: reports
Feb 11, 2013 11:59 EST
Troubled bank Barclays is set to axe annual costs by £2.0 billion and cut 2,000 investment bank jobs, media reports said Monday on the eve of its 2012 results.
Buyout plan 'grossly undervalues' Dell: shareholder
Feb 08, 2013 17:54 EST
An investment firm claiming to be the largest outside shareholder in Dell said Friday the proposal to take the firm private for $24.4 billion "grossly undervalues" the computer maker.
China's trade surplus surges in January
Feb 08, 2013 00:16 EST
China's trade surplus rose in January with both exports and imports beating expectations, official data showed on Friday, as the country maintained its economic recovery on improving demand.
Anglo Irish Bank deal gets ECB green light
Feb 07, 2013 20:20 EST
Ireland has reached a landmark deal with the European Central Bank to re-structure the massive debts of the former Anglo Irish Bank, Prime Minister Enda Kenny said on Thursday.
Iceland debt rating improves after Icesave ruling: Moody's
Feb 07, 2013 17:34 EST
Moody's raised its outlook on Iceland's Baa3 debt rating to stable from negative Thursday, citing the court ruling in its favor over the long-running Icesave bank case.
Ireland reaches deal with ECB on banking debt: PM
Feb 07, 2013 10:32 EST
Ireland has reached a deal with the European Central Bank to re-structure the debts of the former Anglo Irish Bank, Prime Minister Enda Kenny said on Thursday.
Bank of England keeps key interest rate at 0.5%
Feb 07, 2013 07:57 EST
The Bank of England voted on Thursday to freeze its key interest rate at a record-low 0.50 percent and maintain its quantitative easing cash stimulus as Britain stands on the brink of another recession.
Credit Suisse net profit drops 24%
Feb 07, 2013 06:46 EST
Swiss banking giant Credit Suisse said on Thursday its net profit fell 24 percent last year to 1.4 billion Swiss francs (1.2 billion euros, $1.5 billion) despite a rebound to profit by the investment banking unit.
Credit Suisse net profit drops 24% in 2012 to $1.5 bn
Feb 07, 2013 02:48 EST
Swiss banking giant Credit Suisse said Thursday its net profit fell 24 percent last year to 1.4 billion Swiss francs (1.2 billion euros, $1.5 billion) despite its investment bank unit rebounding into profit.
RBS fined $610 mn, settles Libor probe
Feb 06, 2013 23:09 EST
State-rescued Royal Bank of Scotland said it will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging.
Royal Bank of Scotland fined $612 mn, settles Libor probe
Feb 06, 2013 13:13 EST
State-rescued Royal Bank of Scotland will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.
European stock markets slump, RBS shares rise
Feb 06, 2013 13:12 EST
Most major European stock markets fell on Wednesday but London eked out a gain as shares in the Royal Bank of Scotland rose despite the bank facing big fines over the Libor rate-rigging scandal.
London shares close higher as RBS takes Libor hit
Feb 06, 2013 12:37 EST
London shares closed higher on Thursday as Royal Bank of Scotland announced a deal to pay fines totalling $612 million for its involvement in the Libor rate-rigging scandal, dealers said.
Royal Bank of Scotland fined $612 mn to settle Libor probe
Feb 06, 2013 11:02 EST
State-rescued Royal Bank of Scotland will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.
RBS to pay $612 mn in Libor rate-rigging fines
Feb 06, 2013 09:34 EST
Royal Bank of Scotland said on Wednesday it had agreed to pay $612 million (453 million euros) to US and British regulators to settle allegations of trying to rig the key Libor interest rate.
